1610 S 10th St - Fast Food FOR SALE
Mount Vernon, IL 62864 |
1610 S 10th St
Mount Vernon, IL 62864
HIGHLIGHTS
- Long-Term Lease: the property has a remaining 20-year absolute NNN (Triple Net) lease, providing a stable and long-term investment opportunity
- Hassle-Free Investment: with zero landlord responsibilities, this property offers a truly passive income, since tenant is responsible for all expenses
- Consistent Income Growth: the lease includes 1% annual rent increases, including option periods, ensuring steady growth in rental income over time
- op Franchisee: this Taco Bell is operated by K-MAC, a top franchisees in the US, with over 300 locations, indicating a strong & reliable tenant
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Taco Bell
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
2274
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
07-32-354-018
